Packaging Corp Amer Stock Price, News & Analysis

Packaging Corporation of America (NYSE: PKG) will hold a conference call on October 25, 2022, at 9:00 a.m. Eastern Time to discuss its third quarter 2022 results. Earnings will be released after market close on October 24, 2022. Mark Kowlzan will lead the call, which can be accessed via pre-registration or by dialing toll-free numbers. A replay will be available from October 25 to November 8, 2022. PCA is a leading producer of containerboard products in North America, operating eight paper mills and 90 corrugated products plants.

Packaging Corporation of America (NYSE: PKG) reported a strong second quarter for 2022, achieving net income of $301 million or $3.20 per share. Net sales increased to $2.2 billion compared to $1.9 billion in 2021. Excluding special items, diluted earnings per share rose to $3.23, marking a $1.06 increase year-over-year. Key drivers included higher prices in the Packaging segment and reduced scheduled outage expenses. However, the company faced challenges, including higher operating costs and inflation. Looking forward, third-quarter earnings are expected at $2.80 per share amid ongoing economic pressures.

Packaging Corporation of America (NYSE: PKG) will host a conference call on July 26, 2022 at 9:00 a.m. Eastern Time to discuss its second quarter 2022 results. The earnings report will be released on July 25, 2022 after market close. Mark Kowlzan will lead the call. Interested participants can pre-register or join via toll-free numbers. A replay will be available from July 26, 2022 to August 9, 2022. PCA is a major player in the containerboard and uncoated freesheet paper markets in North America, operating eight paper mills and 90 corrugated product facilities.

Packaging Corporation of America (NYSE: PKG) announced that CEO Mark Kowlzan will attend BMO's 2022 Chemicals & Packaging Conference on June 22, 2022. He will participate in a group meeting and conduct one-on-one meetings alongside CFO Robert Mundy and Senior VP Ray Shirley. PCA is a major player in North America, being the third-largest producer of containerboard products and a leading manufacturer of uncoated freesheet paper, operating eight paper mills and 90 corrugated product plants.

Packaging Corporation of America (NYSE: PKG) has announced a 25% increase in its quarterly cash dividend, raising it to $5.00 annually from $4.00. The first quarterly dividend of $1.25 per share will be distributed to shareholders of record as of June 15, 2022, with a payment date of July 15, 2022. This increase reflects PCA's strong operational and financial position, emphasizing its commitment to shareholder value.

Packaging Corporation of America (NYSE: PKG) reported a first quarter 2022 net income of $254 million, or $2.70 per share, exceeding expectations with a forecast of $2.50 per share. Net sales rose to $2.1 billion from $1.8 billion in 2021. Key drivers included higher prices and volumes in both the Packaging and Paper segments, despite facing challenges from increased operating costs. Segment income in Packaging reached $362.2 million, aided by robust demand, while the Paper segment contributed $22.4 million. The company anticipates continued strong demand and expects second quarter earnings of $2.83 per share.

Packaging Corporation of America (PKG) will host a conference call on April 26, 2022 at 9:00 a.m. Eastern Time to discuss its first quarter 2022 results. The earnings report will be released after market close on April 25, 2022. Interested participants can access the call by dialing (877) 370-2526 for U.S. and Canada, or (720) 634-2764 for international calls. A replay will be available starting from 12:00 p.m. on April 26 until May 10, 2022. This call will also be webcast on PCA's website.

Packaging Corporation of America (PKG) has declared a regular quarterly dividend of $1.00 per share on common stock. Shareholders of record as of March 15, 2022 will receive payment on April 15, 2022. PCA is the third largest containerboard producer and a leading manufacturer of uncoated freesheet paper in North America, operating eight paper mills and 90 corrugated products plants.

Packaging Corporation of America (NYSE: PKG) CEO Mark Kowlzan will speak at the Bank of America Securities Global Agriculture and Materials Conference on Thursday, March 3, 2022, in Fort Lauderdale, FL. Following his presentation, Kowlzan and CFO Robert Mundy will engage in a Fireside Chat Q&A session and hold individual meetings. PCA ranks as the third largest producer of containerboard products and a top uncoated freesheet paper producer in North America, operating eight mills and 90 corrugated products plants.